If you are looking to purchase or refinance real estate now is quite possibly the best time in decades. Go to this link http://www.mcimageserver.com/charts/2010_10_20/646__.pdf and you can see just how low interest rates are in relation to what has been out there in the last 20 years. Can it get better? Possibly it could get better but, it could go the other way just like all markets the interest rates can go back up. My question would be if interest rates are the lowest they have been in decades and residential housing is as cheap as it has been in close to a decade, what are you waiting for? Now get out there and talk to a mortgage broker and see what you are qualified for and contact a great realtor (yours truly for example) and find the home that you could only dream of just a few years ago. If you wait for somebody to tell you this is definitely the bottom you have already missed it and may already not be able to purchase the home of your dreams.
We at the Burkhardt Team would be happy to discuss these topics and more with anybody that is interested and will continue to get you current information and ideas. Please forgive us for any inaccuracy's and feel free to give us topics you would like us to blog on.
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